Thousands to lose their jobs as VW slashes $11 billion in costs
December 7, 2023
Warnings about another wave of massive job losses at Volkswagen have been circulating for a few weeks, but now a new report says the company will cut one-fifth of its administrative staff. But it is hoping to soften the blow by offering early retirements as opposed to all-out firings, for now at least.
The plan, according to an internal memo sent to staff members, is to cut staff through…